BitGo Prices $212.8 Million U.S. IPO at $18 per Share, Bloomberg Reports

BitGo, the digital asset custody and financial infrastructure firm, has priced its much-anticipated U.S. initial public offering at $18 per share, raising a total of $212.8 million in capital, according to Bloomberg. This pricing came in above the earlier expected range, reflecting stronger-than-anticipated demand from institutional investors. Priced above range IPOs are often seen as a sign of confidence in the company’s business model and future growth prospects.